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Kelly and DeAndre Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage payments by $99 a

Kelly and DeAndre Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage payments by $99 a month and incur closing costs of $1,760 as a result of refinancing.

How long will it take them to recover the cost of refinancing?

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